Time Deposit - Best in India

A Time Deposit is a depository account offered by a financial institution that pays interest if the money remains in the account for a specified period of time.

Post office Time Deposit Scheme is a kind of Fixed Deposit with extra advantages over traditional Fixed Deposits.
Time deposit (TD) is a type of savings account that earns a fixed interest rate upon reaching maturity.

It’s also called a CD (Certificate of Deposit), that’s held for a fixed term.

Anyone who wants to generate a monthly income can open this account and get an assured monthly income.

Features of Time Deposit Scheme :-

* Interest will be calculated on quarterly basis.
* Nomination facility is available
* It gives highest security to your investments.
* Time Deposit Account can be transferred from one post office to another.
* Interest income is taxable.
* Minimum investment amount is Rs.200/-
* No limit of maximum amount.
* Joint accounts can be opened by two adults.
* Maturity period is 1, 2, 3 and 5 years.
* An individual can convert the time deposit account from single to joint and vice versa.
* Safe and sure way to get income.
* If you are not able to continue your account, you can close your account only after 6months
* You also have the option of changing nominee name after you open the account.
* Interest will be payable at the end of year

Minimum & Maximum Amount of Deposit :-

* Minimum Amount - Rs 200.
* Maximum Amount - No maximum limit.

Time Deposit Calculator is a Handy Tool.

Time Deposit Calculator helps you to calculate Yearly Interest, Total Interest, Total Amount.

Features of Time Deposit Calculator :-

* Easy to Understand
* Reliable
* Available free on online
* Not required any Internet connection.
* Time Deposit Calculator help you to calculate Yearly Interest.
* Easily visualize the calculation Graphically